SquaredFinancial Forex Broker

　　SquaredFinancial is a forex and CFD broker, regulated by the Cyprus Securities and Exchange Commission (CySEC), offering over 40 currency pairs and a selection of CFDs, with three account types, leverage of up to 1:30, and the MT4, MT5 and Mobile APP platforms. Demo accounts are available and there is no minimum deposit requirement.

Pros and Cons

Is SquaredFinancial Legit?

　　SquaredFinancial holds two regulatory licenses, one of which is a Market Making license issued by the Cyprus Securities and Exchange Commission (CySEC) (license number: 606110). However, the Seychelles Financial Services Authority (FSA) regulation (license number: SD024) claimed by this broker is suspected of being a clone. Please be aware of the associated risks!

What Can I Trade on SquaredFinancial?

　　SquaredFinancial offers a wide range of trading instruments: Forex, Indices, Futures, Commodities, Stocks & ETFs and Crypto.

　　Forex: EUR/USD, GBP/JPY, AUD/CAD, CAD/CHF, USD/JPY, EUR/AUD...

　　Indices: Dow Jones 30, Germany 40, Japan 225, France 40, UK100, Hong Kong 50...

　　Futures: FRA40, ESP35, GER40, US30, US100, US500, CC, CT, HG...

　　Commodities: Crude Oil, Gold, Brent Oil, Silver, Natural Gas...

　　Stocks & ETFs: Apple, Tesla, Microsoft, Barclays, Citigroup, Netflix, Amazon...

　　Cryptocurrencies: Bitcoin, Litecoin, Ripple, Cardano, Dash, Ethereum, DogeCoin...

Account Type

　　SquaredFinancial offers two types of live accounts: SquaredPro and SquaredProElite. The minimum deposits for these two accounts are $0 and $500, respectively. In addition, there is a free demo account available for you to familiarize yourself with the trading market before engaging in real transactions.

How to Open an Account on SquaredFinancial?

　　To open an account on SquaredFinancial, simply follow these steps：

　　Step 1: Fill in your personal information, such as your name, phone number, and email address.

　　Step 2: Submit the necessary documents for identity verification.

　　Step 3: Select a suitable payment method to deposit funds.

Leverage

　　SquaredFinancial offers varying levels of leverage for different trading instruments. The leverage for major currency pairs is 1:500, but for highly volatile currency pairs, stock CFDs, natural resource CFDs, metal CFDs, and cryptocurrency CFDs, SquaredFinancial provides significantly lower leverage, ranging from approximately 1:10 to 1:50. This is done to prevent users from incurring large losses all at once.

Spread and Commission

　　SquaredFinancial offers customized spreads for various account types. For SquaredPro accounts, spreads begin at 1.2 pips, whereas SquaredProElite accounts feature spreads starting from 0 pips, which is highly competitive.

　　Regarding commissions, SquaredPro accounts are free from any charges. In contrast, SquaredElite accounts impose a commission of $5 per trading lot, structured as a recurring fee—2.5 upon opening a position and another 2.5 upon closing,which remains below the industry benchmark of $6 per lot.

Trading Platform

　　SquaredFinancial offers you access to MetaTrader 4, MetaTrader 5, and Mobile APP. MetaTrader has become an industry standard due to its high-tech indicators, charting tools, and other useful features. This provides you with significant freedom and flexibility to choose your preferred devices and platforms for trading.

Deposit and Withdrawal

　　When making deposits and withdrawals with SquaredFinancial, you have a variety of payment methods to choose from. The primary methods include bank transfers, Visa, Mastercard, cryptocurrencies, and more. Many SquaredFinancial clients have commented on the broker's payment system as being highly convenient.